| INCOMING RE | SOURCES | |||
|---|---|---|---|---|
| Unrestr | 2019 | 2020 | ||
| Inc res from generated funds |
||||
| Voluntary income: Donations |
2 | 27832 | 12531 | 27832 |
| Investment Income |
12 | 12 | 12 | |
| Other Income | 5 | 4726 | 2340 | 4726 |
| Total Incoming Resources | 32570 | 14883 | 32570 | |
| RESOURCES EXPENDED | ||||
| Costs ofgenerating funds |
||||
| Charitable expenditure |
100608 | 95870 | 100608 | |
| Governance Costs |
23500 | 23500 | 2350 | |
| Total Resources Expende | 9 | 124108 | 119370 | 102958 |
| Net Incoming (Outgoing) Res | 91538 | -2263 | 91538 | |
| Net movement in Funds |
91538 | 22630 | 114168 | |
| Prior year adjustments | ||||
| Balance at 01 January | 23902 | 23902 | ||
| Balance at 31stDecember | 34606 | 23958 | 34606 |
| BALANCE | SHEETFORTHE YEAR ENDED 31/12/2020 | SHEETFORTHE YEAR ENDED 31/12/2020 | SHEETFORTHE YEAR ENDED 31/12/2020 | SHEETFORTHE YEAR ENDED 31/12/2020 |
|---|---|---|---|---|
| 2019 | 2020 | |||
| FIXEDASSETS | NOTES | |||
| Tangible assets | 125,371 | 125,371 | ||
| CIJRRENT ASSETS | ||||
| Debtors | 7,900 | 7,880 | ||
| Cash at Bank | ||||
| Deposit | 11438 | 12660 | ||
| Current | 17145 | 15809 | ||
| CREDITORS: AMOUNT | FALLING DUE | |||
| Within one year | -3,950 | |||
| NET CURRENT ASSETS | 30@33 | 141,770 | ||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 260,806 | 137,580 | |
| CREDITORS: Amount | falling due after one year | 7,258 | 20,676 | |
| 13 | ||||
| NKT ASSETS | 120,465 | 116,904 | ||
| FUNDS | ||||
| Unrestricted | 127,723 | 100,608 | ||
| TOTAL FUNDS | 127,723 | 100,608 | ||
| These financial statements |
were approved by the trustee's board on | 20/10/2021 and |
||
| are signed on their behalf | by: B.M,IGUEL | |||
| The notes on page 8to 15are part ofthese financial statements. |
| 5.OTHER INCOME | |||
|---|---|---|---|
| Other | 1631 | 1,634 | |
| Total | 1631 | 1,634 | |
| 6.FUNDRAISING dt PUBLICITY |
|||
| Advertising Costs |
|||
| 7.COSTS IN FURTHERANCE OF | CHARITABLE | OBJECTS | |
| Provision ofCharitable | services | ||
| Minister's salaries |
23803 | 28,776 | |
| Mission House | |||
| PAYEkNIC | 2453 | 2,101 | |
| Pension | 1849 | 3,385 | |
| Events 4Conference | 7010 | ||
| Building works | 2450 | ||
| TV Ministry | |||
| Hospitality | 1,900 | ||
| Training | 1900 | 1,600 | |
| Printing | 2400 | 1,890 |
| Mission | 6700 | K6,700.00 | |||||
|---|---|---|---|---|---|---|---|
| Hall Hire | 61956 | $61,956.00 | |||||
| Hotel fees | 3020 | K0.00 | |||||
| Gust Speakers | 2000 | K2,000.00 | |||||
| Bereavement | / | Welfare cart | 11690 | K0.00 | |||
| TOTAL | 41865 | 110308 | |||||
| 8.MANAGEMENT 8r,ADMINISTRATION |
|||||||
| fff, | |||||||
| Office Costs | 20165 | 20,165 | |||||
| Accounting | Fees | 1824 | 1,824 | ||||
| 9.TOTAL | RESOURCES | EXPENDED | |||||
| Depreciation | Other Costs | 2019 | 2020 | ||||
| Direct charitable expenses |
0 | 11285 | 11285 | 10593 | |||
| Fundraising | &Advert | ||||||
| Management | &Administr' | 4757 | 19555 | 2450 | 24900 | ||
| 4757 | 30840 | 13735 | 35493 | ||||
| Insurance | K2,496.00 | K2,496.00 | |||||
| Tlanspolt | 7200 | 8600 | |||||
| Light &Heat | 180 |
| NOTES TOTHE FINANCIAL STATYE | AR ENDED | 31/12/ 202 |
|---|---|---|
| Stationary | 846 | 850 |
| Telephone &Postage | 540 | 540 |
| Professional fees |
3510 | 3510 |
| Subscription | 2186 | 2816 |
| Other Repairs | ||
| Other General Expenses | 530 | 530 |
| Bank Interest Charged | 2469 | 2469 |
| Bank Charges | ||
| Accounting fees |
1824 | 1824 |
| Loss on disposal | ||
| Depreciation | 4757 | 3805 |
| 16662 | ||
| 10.OPERATING PROFIT | ||
| Opearating deficit is stated after charging |
||
| K%K | Kff, | |
| 2019 | 2020 | |
| Depreciation | 3342 | 3805 |
| 11.TANGIBLE ASSETS | 11.TANGIBLE ASSETS | ||||
|---|---|---|---|---|---|
| P4M | Music | Church | Office | Total | |
| Equip | Equip | Bldg | Furniture | ||
| COST: | |||||
| At 01/01/2020 | |||||
| 15580 | 28643 | 181458 | 950 | 226633 | |
| Additions | |||||
| Disposals | |||||
| At 31/12/20' | 15580 | 28643 | 181458 | 950 | 226633 |
| DEPRECIATION | |||||
| 43831 | 15580 | 28645 | 3629 | 850 | 48704 |
| Charge year | 3,893 | 5,729 | 3,557 | 13,181 | |
| D~is osals | |||||
| 31/12/2020 | 19475 | 34374 | 7186 | 850 | 61885 |
| NET BOOK | VALUE | ||||
| 31/12/2019 | 375 | 1,225 | 177,829 | 179,429 | |
| 31/12/2020 | 19,100 | 33,149 | 170,643 | 850 | 117,544 |
| 2020 | |||
|---|---|---|---|
| Accruals | |||
| Accounting | Fees | 1824 | K1,824 |
| Loan | |||
| Salaries | 1199 | 2101 | |
| PAYE4NIC | 2980 | 2101 | |
| 6003 | 6026 | ||
| 13.CREDITORS: Amount falling due after one year |
|||
| 2019 | 2020 | ||
| Mortgage Loans | 92714 | 92714 | |
| 92714 | 92714 | ||
| 14.ANALYSIS OFNETASSETSIN UNRESTRICTED | FUNDS | ||
| Other Net Assets | Total | ||
| Unrestricted | Funds | 127723 | 32750 |